Looking to diversify beyond ESEIX? The mutual funds below have the lowest correlation with ESEIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ESEIX.
Best Diversifiers for ESEIX
8 mutual funds have low correlation with ESEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) (Nontraditional Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 0.11 | 0.16 | 0.09 | 98 | Nontraditional Bonds | ESEIX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.19 | 0.22 | 0.26 | 98 | Emerging Markets Bonds | ESEIX vs EELDX | |
| One Rock Fund | 0.19 | 0.44 | 0.58 | 89 | Large Cap Growth Equities | ESEIX vs ONERX | |
| Eaton Vance Massachusetts Municipal Income Fund | 0.24 | 0.14 | 0.11 | 70 | Municipal Bonds | ESEIX vs EIMAX | |
| Fidelity OTC Portfolio Class K | 0.27 | 0.48 | 0.65 | 90 | Large Cap Growth Equities | ESEIX vs FOCKX |
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